Velchamy Sankarlingam Sells 7,644 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 7,644 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total transaction of $703,095.12. Following the completion of the sale, the insider directly owned 148,403 shares of the company’s stock, valued at $13,650,107.94. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Down 3.5%

ZM stock opened at $105.96 on Friday. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The stock’s 50 day simple moving average is $92.55 and its 200 day simple moving average is $90.70. The firm has a market cap of $31.07 billion, a P/E ratio of 15.56, a P/E/G ratio of 5.68 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, research analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZM shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 23rd. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a report on Thursday, July 2nd. Robert W. Baird lifted their price objective on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Morgan Stanley lifted their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Institutional Trading of Zoom Communications

Several institutional investors have recently made changes to their positions in ZM. Vanguard Group Inc. raised its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after buying an additional 3,718,186 shares during the last quarter. State Street Corp boosted its position in shares of Zoom Communications by 5.0% in the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after acquiring an additional 363,776 shares during the period. Norges Bank bought a new stake in shares of Zoom Communications in the fourth quarter valued at approximately $509,788,000. Finally, Geode Capital Management LLC grew its stake in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after acquiring an additional 152,862 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.